Boeing Satellite Pact Worth Up to $1B
An AP newswire article, via Yahoo! News, reports that:
Boeing Co. announced an agreement with Mobile Satellite Ventures on Wednesday to build three satellites and associated ground systems, which the aerospace company described as its largest satellite contract in nine years.
Financial terms were not formally disclosed, but Reston, Va.-based Mobile Satellite Ventures Chief Executive Alexander Good said on a conference call that the deal is worth between $500 million and $1 billion.
Boeing said it is the company's biggest satellite deal since an order for two large satellites in 1997.
posted by Fergie @ 1/11/2006 07:48:00 AM
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